NFG boosts natural gas prices by 3.3 percent

   April 30, 2013 9:12 am

 

Just as many of us are planning to shut the furnace down for the season, National Fuel Gas Distribution Corp. has announced a 3.3 percent increase in the price of natural gas.

The increase raises the average bill for an average customer by $2.36 to $73.81 a month.

This rate increase, which remains in effect through the end of July, arrives during what’s likely to be one of the lowest usage periods of the year.

The utility, which is required to pass along the cost of gas to consumers on a dollar-for-dollar basis, will be able to adjust rates again on Aug. 1.

Spokeswoman Sandra James said the change reflects the market price of natural gas. On Feb. 1 of this year, the utility decreased gas supply charges by 6.7 percent.

 

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